{"id":51580,"date":"2025-08-06T13:08:39","date_gmt":"2025-08-06T17:08:39","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/treasury-auction-set-as-new-russia-sanctions-loom-and-white-house-targets-banks-over-discrimination-claims\/51580\/"},"modified":"2025-08-06T13:08:39","modified_gmt":"2025-08-06T17:08:39","slug":"treasury-auction-set-as-new-russia-sanctions-loom-and-white-house-targets-banks-over-discrimination-claims","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/treasury-auction-set-as-new-russia-sanctions-loom-and-white-house-targets-banks-over-discrimination-claims\/51580\/","title":{"rendered":"Treasury Auction Set as New Russia Sanctions Loom and White House Targets Banks Over Discrimination Claims"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li>A new <strong>$42 billion 10-year Treasury note auction<\/strong> (August 2035) is expected to price with a <strong>4.125% coupon<\/strong>, a slight decrease from the current May 2035 issue&#39;s 4.25% coupon.<\/li>\n<li>The <strong>White House is set to implement new sanctions against Russia starting Friday, August 8, 2025<\/strong>, despite U.S. Special Envoy Steve Witkoff&#39;s recent &quot;smooth&quot; meeting with Russian President Vladimir Putin.<\/li>\n<li>An impending <strong>White House executive order<\/strong> targets major financial institutions, including <strong>JPMorgan<\/strong> (<a href=\"\/stock\/JPM\">JPM<\/a>) and <strong>Bank of America<\/strong> (<a href=\"\/stock\/BAC\">BAC<\/a>), over claims of &quot;politicized or unlawful debanking&quot; practices.<\/li>\n<\/ul>\n<p>The financial markets are closely watching the upcoming <strong>$42 billion auction of the new 10-year Treasury note<\/strong>, set to be sold today. This August 2035 note is anticipated to carry a <strong>4.125% coupon<\/strong>, a slight reduction from the 4.25% coupon on the current May 2035 issue. The when-issued (WI) yield for the new note stands at 4.245%. For context, the May 2035 issue has seen its yield fluctuate significantly, trading as high as 4.625% on May 22 and as low as 4.18% just yesterday.<\/p>\n<p>Meanwhile, geopolitical tensions remain high as the <strong>White House prepares to impose new sanctions on Russia this Friday, August 8, 2025<\/strong>. This development follows a meeting in Moscow on Wednesday between U.S. Special Envoy Steve Witkoff and Russian President Vladimir Putin, which White House officials characterized as &quot;smooth&quot; and productive. Despite the positive tone of the discussions and Russia&#39;s expressed desire to continue engagement with the United States, the sanctions are proceeding. The new measures are primarily aimed at Russia&#39;s &quot;shadow fleet&quot; of oil tankers and other entities accused of circumventing existing sanctions, with President Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> issuing an ultimatum for Russia to agree to a ceasefire in Ukraine by the Friday deadline. Reports indicate that President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> has also signed an executive order to impose an additional <strong>25% tariff on India<\/strong> for its purchases of Russian oil.<\/p>\n<p>Domestically, the <strong>White House is preparing an executive order targeting banks<\/strong> over allegations of discrimination. President Trump claims that major financial institutions, specifically naming <strong>JPMorgan Chase &amp; Co.<\/strong> (<a href=\"\/stock\/JPM\">JPM<\/a>) and <strong>Bank of America Corp.<\/strong> (<a href=\"\/stock\/BAC\">BAC<\/a>), have denied him and his supporters banking services for political reasons. A draft of the executive order, reviewed by Reuters, directs regulators to investigate banks for &quot;politicized or unlawful debanking&quot; practices. The order could authorize monetary penalties or other disciplinary actions against violators, signaling increased scrutiny on the banking sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways A new $42 billion 10-year Treasury note auction (August 2035) is expected to price with a 4.125% coupon, 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